Loan default case: CBI conducts searches in Mumbai, Delhi against Avantha Group promoter Gautam Thapar

The Central Bureau of Investigation (CBI) investigating a loan default case against Gautam Thapar, promoter Avantha Group of companies is conducting raids at multiple locations in Mumbai and Delhi, sources in the know told ET.

Earlier this month, the federal agency had booked Thapar, two private companies based at Delhi and Gurugram and their promoters and directors for causing an alleged loss of Rs. 466.51 crore (approx) to Yes Bank NSE 0.00 %.